Blockchain has become a household word, but many people are still unsure whether blockchain is a real thing or a dream. In this illustration, I created a simple illustration of a blockchain, but I also made it more complex than a simple illustration would normally be. I made the image more colorful and more layered than a traditional illustration. It is a great way to visually examine the idea as well as the mechanics of blockchain technology.
The idea of a “blockchain” is that it’s a shared, distributed database. In this case, the database is a list of “blocks” that are linked together to form a larger, distributed database. Each block has a unique ID that is associated with a set of transactions (which are the actual data stored on the blockchain). These transactions are then recorded on the blockchain, and if one block is corrupted or lost, it can’t be re-used.
The blockchain concept is a little simpler than most blockchain concepts because it contains a tree-based database. Each block is a list of transactions which are then linked together in a chronological order to form the blockchain. Think of a tree, and each row of that tree is a block, and each block has a unique ID. That means that if one part of the tree is broken or lost, it doesn’t matter because the whole tree is still there and still connected in a complete chronological order.
With the right technology, you can easily use the blockchain to store transactions, and all of the transactions will be stored together in one database. A blockchain is essentially just a giant tree. If we look at the blockchain on this page, you can see three trees in chronological order. One is the database itself, and the other two are the two trees that make up the blockchain.
The tree is the database, and the second tree is the blockchain. The whole tree is linked, and thus the blockchain is really just a series of transactions. Each transaction contains a list of other transactions that are linked to it.
A blockchain is a database where data (in this case, information) can be stored and shared. A blockchain keeps a log of every transaction that is made. The list of transactions is also called the ledger. A ledger is basically a list of all transactions that have been made since the beginning of the block chain. For a blockchain, this means that every transaction is recorded in chronological order, which enables all the data to be tracked and verified, and thus be stored and shared.
blockchain technology is very cool, but it’s also pretty complicated if you’re not good with math. It’s basically using math to solve a very fundamental problem (the problem of finding a log that is as long as the block chain itself). Blockchain technology is really cool because it solves a big problem that’s only really relevant when you’re using it, but it’s also pretty complicated.
I’ll probably go through the whole thing in a second.
So if you are still interested in blockchain technology, you may want to read this article.
To be clear, blockchain is not a company. It is a technology.
